Monthly Archives: December 2016

Three of the Best Tax Planning Strategies Explained

By |2017-04-24T09:24:54-05:00December 12th, 2016|Agriculture, Tax, Tax Services|

Susan Voss, CPA, one of the heads of the TD&T Ag team, provides the next installment in her series on helping farm families understand and respond to changes in agribusiness. During tax planning season at most CPA firms, three basic strategies allow a tremendous amount of flexibility to the agricultural clients we serve: defer, prepay, [...]

How Well-prepared Are You For Long-Term Care?

By |2017-04-21T12:50:30-05:00December 12th, 2016|Healthcare, Insurance, Long-Term Care|

This quarter’s article by Kyle Merry, Tax Associate, and Joshua Buckingham, CPA, both of TD&T's Oskaloosa office, provides helpful information on considering long-term care insurance options.   If you’re like at least 75% of baby boomers, you’re not well-prepared to cover the costs of long-term care for yourself or your spouse.  One fourth of baby [...]

Tax Opportunities to Close Out 2016

By |2017-04-21T12:50:43-05:00December 12th, 2016|Healthcare, PATH, Tax, Tax Services|

In recent weeks, Congress has passed some key legislation that will affect taxes for 2016.  Most of these provide opportunities that may benefit you.  Here’s a summary from Brian K. Isom, CPA, Principal in our Burlington office. Health Reimbursement Arrangements for "Small Employers" Congress passed and President Obama signed into law the 21st Century [...]

IRS Proposed Regulations to Limit Use of Discounts

By |2017-04-24T09:25:19-05:00December 1st, 2016|Advisory, Estate Planning, Gifts, IRS|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift taxes. The Internal Revenue Service is proposing regulations to limit the use of discounts when valuing gifts.  Currently there is a unified credit from federal estate tax that allows a lifetime or death-time transfer of $5,450,000 [...]

Know the Difference Between Independent Contractors and Employees

By |2018-11-28T15:07:11-05:00December 1st, 2016|Employment, Tax, Tax Services|

This quarter’s article from TD&T Business Services Manager Lyndi DeVries provides a refresher on the employee vs. subcontractor classification as defined by the IRS. When you hire someone for a long-term, full-time project or a series of projects that last for an extended period, you need to understand the difference between independent contractors and employees.  [...]